The lower-end segments of each market are where buyers should be nervous about how much, and how fast the run-up has been. Ones like this are already at peak pricing, or higher:
Who Flinches?
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Year: 2013
Ferrari Beer
My mother-in-law saw the big Ferrari sale and sent me this conversation: Critical Thinking At Its Best! Woman: Do you drink beer? Man: Yes. Woman: How many beers a day? Man: Usually about three. Woman: How much do you pay per beer? Man: $5.00 which includes a tip....
Frenzy Surprises
There are a few surprising factors contributing to the meteoric rise in prices: A. Cash offers might get you the win, but not a deal. Back in the day if you offered cash, you sought a hefty discount - and usually got it. Over the last 60 days, 25% of the NSDCC...
Realtor Titles
The State of California has already been cracking down on real estate "teams" or "groups" (click HERE), now New York has objected to the phony-baloney titles used by realtors. Hat tip to Sol for sending this in from the nytimes:...
Inventory Watch – Percolating
The inventory counts should settle down in the coming months due to the sellers' perception that this is the off-season, and the distraction of the Chargers' run for the Super Bowl. The UNDER-$1,200,000 Market: Date NSDCC Active Listings Avg. LP/sf DOM Avg SF April 29...
International Buyers, Part 2
An excerpt from Reuters: http://www.reuters.com/article/2013/08/18/us-usa-housing-dollar-analysis-idUSBRE97H01720130818 After hitting a three-year high in July, the dollar index .DXY, which tracks the greenback against a basket of six major currencies, has fallen...
Inferiority Gap To Temper Sales?
If higher rates cause buyers to be more discriminating, wouldn't prices drop to compensate? Not necessarily. It will mean fewer sales first. The wealthy are doing just fine, and a little blip or two in rates or prices won't deter them from buying the top-quality...
A Wreck of a Price
Because price is so important to making a good first impression on the buyers, it would make sense to make it attractive....and realistic. This price sounds like a mistake - or a joke. P.S. Former owner paid $898,500 in 2005 and financed 100%.
Asians and American Real Estate
A panel discussion about Asians buying real estate in America:
In The Rough
A house where someone-in-a hurry-to-find-a-single-level-on-a-golf-course will probably overpay, and spend the next 6-12 months mumbling to themselves:
